FB Financial Corporation Announces Branch Acquisition
FB Financial Corporation (FBK)
Last fb financial corporation earnings: 4/27 04:15 pm
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US:NYSE Investor Relations:
investors.firstbankonline.com
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Source: Business Wire
Acquires 14 Branches from Atlantic Capital Bancshares, Inc. Proposed Acquisition to Add $602 Million in Deposits and $381 million in loans NASHVILLE, Tenn.--(BUSINESS WIRE)-- FB Financial Corporation (NYSE: FBK) announced today that FirstBank, its wholly-owned banking subsidiary, has entered into a Purchase and Assumption Agreement to purchase 11 Tennessee and 3 Georgia branch locations from Atlantic Capital Bank, N.A., a wholly-owned subsidiary of Atlantic Capital Bancshares, Inc. (Nasdaq: ACBI). The acquisition builds density in the attractive Knoxville and Chattanooga markets while expanding into the nearby Dalton, GA market and provides additional customer deposits for future growth. At closing, FB Financial expects to operate 70 branches and pro forma will rank 5th in Chattanooga, 7th in Knoxville and 6th in Tennessee in deposit market share, based on FDIC data as of June 30, 20
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FBK
News
- FB Financial Co. (NYSE: FBK) had its price target raised by analysts at JPMorgan Chase & Co. from $41.00 to $43.00. They now have an "underweight" rating on the stock.MarketBeat
- FB Financial Corporation (NYSE:FBK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- FB Financial Co. (NYSE: FBK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- FB Financial Co. (NYSE: FBK) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $41.00 price target on the stock, up previously from $38.00.MarketBeat
- FB Financial Co. (NYSE: FBK) was upgraded by analysts at Hovde Group from a "market perform" rating to an "outperform" rating. They now have a $40.50 price target on the stock, up previously from $40.00.MarketBeat
FBK
Earnings
- 4/15/24 - Beat
FBK
Sec Filings
- 4/15/24 - Form 8-K
- 4/9/24 - Form 3
- 4/8/24 - Form ARS
- FBK's page on the SEC website